Gramm and Solon: Suddenly, an Opening for Tax Reform

A glimmer of hope for the economy and deficit reduction flashed from the Senate this past weekend when the new Senate Finance Committee Chairman, Ron Wyden, announced "a breakthrough" on tax reform. When asked by Bloomberg's Al Hunt if tax reform should raise revenues, Mr. Wyden replied that the Congressional Budget Office had committed to him to "actually score pro-growth tax reform as generating revenue."

This is a breakthrough. Until now, the refusal of Senate Democrats to recognize a revenue...